Animal drugs maker Dechra agrees to lower £4.5bn takeover by Swedish private equity firm EQT
Animal drugs maker Dechra Pharmaceuticals has agreed to a £4.5billion takeover by EQT despite the Swedish private equity firm cutting its offer. The board of Dechra announced it has recommended that shareholders accept a £38.75 a share offer, valuing the company at £4.46billion. Earlier this month Dechra, which makes medicines and treatments for pets and […]
Warburg and Advent in the lead to acquire Baxter’s biopharma unit
A private equity consortium comprising Warburg Pincus and Advent International is in advanced talks to acquire medical device maker Baxter International Inc’s (BAX.N) biopharma solutions business in a deal that could reach or exceed $4 billion, people familiar with the matter said on Sunday. Warburg Pincus and Advent have submitted the most attractive offer to […]
Parthenon Capital closes Fund VII at $4.5bn
Parthenon Capital, a growth-oriented private equity firm with offices in Boston, San Francisco and Austin, has held the first and final closing of Parthenon Investors VII with more than $4.5 billion in commitments, significantly in excess of its initial $3.5 billion target. According to Parthenon, which invests in middle market companies with enterprise values of […]
Ares & Mubadala join forces with $1B secondaries fund
Mubadala and Ares form a joint venture to trade secondhand stakes of private debt funds, initially investing $1 billion in credit secondary assets, with a focus on direct lending funds. The market for secondhand private debt stakes has expanded rapidly in recent years, reaching $17 billion in transaction volume in 2022. The foray into private […]
Thyssenkrupp shares move higher on report of CVC interest in steel unit
Thyssenkrupp AG (ETR:TKAG) shares jumped on Tuesday on a report that private equity firm CVC Capital Partners is potentially interested in making an offer for the industrial group’s steel unit. CVC is eyeing a bid of only €1 for the division, business daily Handelsblatt reported, citing several people familiar with the matter. The Luxembourg-based financial […]
UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal – Copy
Deal aims to contain a crisis of confidence in global financial markets. Priced at more than $3 billion, all share deal, also priced at fraction of Credit Suisse’s Friday close. Credit Suisse was valued at about 7.4 billion francs ($8 billion) on Friday. Despite avoiding a bailout amidst the financial crisis, Credit Suisse has faced […]
UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal
Deal aims to contain a crisis of confidence in global financial markets. Priced at more than $3 billion, all share deal, also priced at fraction of Credit Suisse’s Friday close. Credit Suisse was valued at about 7.4 billion francs ($8 billion) on Friday. Despite avoiding a bailout amidst the financial crisis, Credit Suisse has faced […]
BlackRock Not Working on Rival Bid for Credit Suisse
BlackRock Inc (BLK.N)Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials try to put together a deal for UBS Group (UBSG.S) to take over Credit Suisse Group AG (CSGN.S), Bloomberg News reported on Saturday, citing unidentified sources. Asked about the report, BlackRock spokesman Ryan O’Keeffe said in a telephone interview that “Philipp […]
University of California invests $4 bn in redemption-stricken REIT
Blackstone Inc, on Tuesday said it had secured a $4 billion investment from the University of California in its unlisted real estate income trust (BREIT) that has been plagued by investor redemptions, after the private equity firm committed $1 billion to backstop the university’s returns in the fund. In an unprecedented move, Blackstone exercised its […]
Blackstone-backed Hipgnosis nears $200m Justin Bieber catalogue deal
Hipgnosis Song Management, an investment entity backed by Blackstone, is closing in on a deal to acquire Canadian pop star Justin Bieber’s music rights for $200 million, according to a report by the Wall Street Journal. The report cites unnamed sources revealing that the proposed deal would cover both Bieber’s publishing and recorded music catalogues. […]
